> Should all token development stop now that we have ETH? Should ETH never have been created because we had BTC? Should BTC never have been created when the USD was already a liquid medium of exchange?
Bitcoin was created because it isn't possible to do Bitcoin with USD.
Ethereum was created because it isn't possible to do Ethereum with BTC.
Bancor was created because you want to make fat stacks of cash. It would work just as well (or better) if it was using ETH directly instead of having its own token.
Disclaimer: I am almost completely uninformed about Bancor.
Bitcoin was created because it isn't possible to do Bitcoin with USD.
Ethereum was created because it isn't possible to do Ethereum with BTC.
Bancor was created because you want to make fat stacks of cash. It would work just as well (or better) if it was using ETH directly instead of having its own token.
Disclaimer: I am almost completely uninformed about Bancor.